Globis, Intel-backed V-Cube raises $43m in Tokyo IPO
V-Cube, a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, saw its stock open at JPY5,010 per share - a 51% premium on the offering price - on its first day of trading. This followed a JPY4.4 billion ($43 million) Tokyo IPO.
The firm - which listed on the Mothers (market of the high-growth and emergin stocks) section of the Tokyo Stock Exchange - sold 1.34 million shares, including 600,000 new shares, at JPY3,300 apiece. The...
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